The EV revolution forced the automotive industry to evolve. But even the EV king, Tesla Inc TSLA[1] has woken up to a harsh reality of a cooling EV market, a problem that can’t be fixed by lowering prices. On Wednesday, Tesla stock tumbled as Wells Fargo analyst labeled Tesla as a growth company that is not growing. But, this doesn’t come as a surprise considering that Tesla itself guided for 2024 sales volume growth to be below levels seen over the previous years due to the macroeconomic backdrop and intensified competition. Fortunately, the EV narrative goes beyond Tesla itself.With its ...

Imagine slipping into the driver's seat of a modern vehicle, where the car knows more about your intentions than you could verbally express. This isn't a scene from a sci-fi movie; it's the current reality in the automotive industry, as traditional performance metrics like horsepower give way to a new battleground: smart interior functions. As we navigate this shift, the importance of Driver Monitoring Systems (DMS) escalates, transforming from a luxury to a regulatory necessity. The Rise of Smart Cabins The automotive landscape is witnessing a pivotal transformation. With the advent of electric vehicles (EVs), the roar of an engine ...

Listen to this article Automotive manufacturing will continue to drive North American robotics adoption, says A3. Source: ABBThe Association for Advancing Automation, or A3, today released its quarterly and end-of-year report on robot orders in North America for 2023. It found that sales were down by 30% but noted that 2021 and 2022 were record-setting years.While North American companies ordered[1] 31,159 robots in 2023, compared with 44,196 in 2022 and 39,708 in 2021, A3 said it expects activity to pick up later this year and into 2025. The Ann Arbor, Mich.-based association[2] added that it expects both automotive manufacturers and ...

Consumer preferences have rapidly transformed in the retail automotive sector. Knowing how the expectations have changed and how buyer needs will continue to evolve will be essential to long-term dealership success.On this episode of Inside Automotive[1], host Jim Fitzpatrick is joined by Bill Wittenmyer, Chief Sales Officer at DealerOn[2]. Wittenmyer has kept a bird’s eye view over the industry as it has grappled with new technological innovations and paradigm shifts in the way business is conducted. Now, he discusses how consumer preferences have evolved over the last year and how forward-thinking dealers are preparing their teams for success.Key Takeaways1. Wittenmyer notes ...

Global Automotive LED Lighting Market stood at USD 15.7 Billion in 2023 & will grow with a CAGR of 5.8% in the forecast by 2025-2029. According to TechSci Research report, “Global Automotive LED Lighting Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the Global Automotive LED Lighting Market [1]stood at USD 15.7 Billion in 2023 and is anticipated to grow with a CAGR of 5.8% in the forecast period, 2025-2029. The global automotive LED lighting market is witnessing remarkable growth due to various factors.Technological advancements, such as the development of advanced lighting solutions, are driving the market forward. Moreover, the increasing consumer demand for ...

In a groundbreaking announcement, Intel Corporation reveals its comprehensive plan to infuse artificial intelligence (AI) into the automotive landscape, solidifying its commitment to the industry’s transformative shift towards electric vehicles (EVs). The company outlines its AI everywhere strategy and finalizes an acquisition deal with Silicon Mobility, a leading fabless silicon and software company specializing in Systems-on-Chips (SoCs) for intelligent electric vehicle energy management.Key Developments:Acquisition of Silicon Mobility: Intel acquires Silicon Mobility, aligning with sustainability goals and addressing critical energy management needs in the EV sector.AI-Enhanced SoCs: Intel introduces a new family of AI-enhanced software-defined vehicle SoCs. Zeekr is the pioneering Original ...

Significant SUV Price Hike: A New Trend in the Automotive Industry? The automotive industry has always been a realm of constant change, with fluctuations in pricing, shifts in market demands, and swings in consumer preferences. Today, this dynamism is demonstrated by a popular SUV witnessing a significant price hike of $16,000, an adjustment that might influence consumers’ buying decisions and reshape the competitive landscape of the market. This substantial change can be attributed to various factors including increased production costs, vehicle feature enhancements, inflation, and shifts in supply and demand.Rising Tide in the Automotive MarketA forecast by Cox Automotive predicts ...

TomTom first partnered with Microsoft back in 2016. Credit: Ina Meer Sommer/shutterstock Location technology specialist TomTom[1] is expanding its existing partnership with Microsoft[2] to bring generative AI (GenAI) to the automotive industry. Based on Microsoft’s Azure cloud service, TomTom’s AI-powered voice assistant will provide drivers with infotainment, location and vehicle commands. Aircon, windows and radio will all be able to be voice controlled by the assistant. The voice assistant is essentially a large language model (LLM) for drivers to use hand-free and will be included in TomTom’s Digital Cockpit infotainment platform. “With this next generation of AI, we have a unique opportunity to ...

Two and three-wheeled electric bikes have become a staple in the greater Metro Manila areas. Even beyond that too where cities and municipalities are not as busy as in the country’s capital. But where streets are developed enough with popular establishments like convenience stores, coffee shops, fast-food restaurants, laundry services, and more.I have lived in a family compound cul-de-sac surrounded by subdivisions for as long as I have been existing. And I must say the e-bike is definitely a game-changer for residents living in rural to suburban areas.Without a doubt, the e-bike is useful to ferry your children to your ...

The partnership between Secondmind and Mazda to develop artificial intelligence innovations has been extended. The solutions being developed by the two companies are said to tackle some of the highest complexity problems in automotive design and engineering, and will be deployed commercially.As part of the reaffirmed partnership, Mazda has joined a new US$16m funding round in Secondmind, alongside existing Secondmind investors Amadeus Capital Partners, Atlantic Bridge Ventures, and Cambridge Innovation Capital.')}else {console.log ('nompuad');document.write('')}// -->')}else if (width >= 425) {console.log ('largescreen');document.write('')}else {console.log ('nompuad');document.write('')}// -->Naohito Saga, executive officer responsible for R&D strategy planning at Mazda, said, “The automotive industry needs to further accelerate ...

Artificial General Intelligence (AGI) represents the next epochal leap in the evolution of artificial intelligence, standing on the cusp of redefining technological capabilities and transcending the limitations of traditional AI by embodying the ability to understand, learn, and apply its intelligence broadly and flexibly, akin to human cognitive abilities. This technological paradigm shift promises to reimagine various sectors, with the automotive world being at the forefront of this transformation. The recent turmoil at OpenAI, a pivotal figure in AI research, has further fueled the intrigue surrounding AGI and its benefits but also its potential hazards. The crisis, characterized by the ...

This article presents a quarterly round-up of the latest trends in the automotive industry regarding robotics. It provides an overview of recent developments in robotics-related deals, talent acquisition, and patent filings within the automotive industry.Diverse applications of robotics in automotive industryAutomotive companies in the field of robotics are leveraging the latest patents to innovate and improve their businesses. One patent titled "Automated bi-stable valve system and method of using the same for composite manufacturing" introduces a system with bi-stable valves that can switch between open and closed states, allowing for selective control of adhesion zones on a material surface. This ...

This article presents a quarterly round-up of the latest trends in the automotive industry regarding AI. It provides an overview of recent developments in AI-related deals, talent acquisition, and patent filings within the automotive industry.Diverse applications of artificial intelligence in automotive industryAutomotive companies are leveraging Artificial Intelligence (AI) technologies to innovate and improve their businesses. Recent patents reveal the applications of AI in various areas. One patent focuses on crop yield prediction at the field- and pixel-level, using high-elevation digital images and other data points to estimate crop yield. Another patent discusses machine learning for anomaly detection based on logon ...